In a renewed crackdown on tax evasion, the income tax department has started re-examining several previously concluded assessment cases. The reassessment cases are largely focused on businesses ...

In a big relief to small companies, the Central Board of Indirect Taxes and Customs (CBIC) has raised the threshold limit to mandatorily file e-invoice to Rs 500 crore from earlier Rs 100 crore ...

When the financial year closes, many businesses make bulk purchases in March to optimise their GST outflow, but experts warn that this strategy can backfire. CA Nitin Kaushik explains that input tax ...

B, and Books of Account to detect errors in output tax and ITC claims. Identifying common reconciliation mistakes early helps ...

We all are aware of the well-known doctrine of caveat emptor commonly used in contract law which places burden on the buyer to be aware about the condition of the product purchased and assume the risk ...

Odisha Goods and Services Tax (GST) Commissionerate busted tax invoice fraud to the tune of Rs 510 crore and arrested its mastermind, Sandeep Mohanty in Cuttack, an official said on Friday. SK Lohani, ...

From 1 April, businesses with sales of over ₹50 crore will have to generate e-invoices for B2B transactions.bloomberg The practice among small businesses of issuing ‘kacha bills’ or informal sales ...

Fake GST Bill: For some time now, GST officials have been trying to stop GST fraud. According to the GST Council, most of the GST fraud in the country are done through fake invoice bills. Goods and ...

The scheme is in the process of being finalised, they said, adding it could be launched as early as this month. (Image: Reuters) Individuals may soon get rewarded for uploading GST invoice on a mobile ...

This is for the third time, in the current financial year, GST collection has crossed ₹1.50 lakh crore mark(MINT_PRINT) The Goods and Services Tax system that was ...